Finance Tip: The secret weapon to starting a new business.

This isn’t going to be a long post but let me be clear there is a lot of nuance that goes into starting a business. There are a couple of key components though that you will not get from places like fidelity, Forbes, your financial advisor etc. Now this may seem like common sense but you would be surprised at how many small businesses fail because people follow their passions and do not think deeply about the concept highlighted below.

Do things for people who no longer want to do those things and have the money to pay someone else to do it.

A very simple example of this is cleaning the house. When many people get older or get to a point where they have disposable income, they seek to purchase time. Purchasing time simply means you pay people to do things that you no longer want to do so you can do something else. These are not complex financial concepts here. This isn’t something you need to pay a finance professional for either. It’s rather simple really and if you can do this the likelihood of you having a successful business is high.

If what you are selling gives people more time to do what they want = income.

Can you provide a good or a service for someone that they would have to do themselves but they no longer want to do it?

That is the secret weapon. If you start a business with that premise, you will likely find yourself in a situation where you can derive a good income. The jobs won’t be glamourous of course, from landscaping to house cleaning to dog walking to grocery shopping. This is a luxury purchase really but it can be scaled. Think about the businesses in your area and the services they need that they may not want to do. As an example that small house washing business who is doing something the homeowner doesn’t want to do, might not want to do their own booking keeping.

This is different from the old concept of “solving a problem” for people or businesses which is a good way to start as business as well but relies completely on the notion that the entity you want to work for can’t do it themselves. The secret I am giving you now is very lucrative, it’s doing something for other people they do not want to do.

You can make a nice living doing this, because let’s face it everyone has something in their life they simply don’t want to do.

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You miss the shots you don’t take

Ever play basketball? Last time I played I hit a big 3 point shot in a pickup game that was a beauty. I was covered and I just pulled the trigger on it and wasn’t expecting much. I could hear a team mate groan as I hoisted that brick up, nothing but net, lol.

If I never took that shot, I couldn’t have succeeded.

In the game of life this is true too. Is there something you want to do but just haven’t taken the shot yet? I was the same way when I started this blog, I never thought anyone would give a poop on what I had to say. Here I am a few years later and I am getting visitors from all over the world.

Same with my small gaming channel, I am a gamer it’s my hobby so I started a gaming channel. Nothing special but it’s my little channel. If I never posted a video I never would have had a view or a subscriber…

IF there is something in your life you have been going back and forth on, stop and take the shot. IF you miss, you miss. If you do nothing, then you have a 100% chance of not getting anything at all. Let me put it this way, if you never ask the question you never have the opportunity to hear “YES”

Give yourself the opportunity to hear the “YES”. Take the shot, you might hit it and you will be so happy you did. You are doing awesome; you can do this.

Your Pagan Friend,

Karac.

Dressing to feel good !

More advice from a 50-year-old (me) bye bye 2020.

This is more of a pep talk post. 30 years ago, I was unemployed, out of work, living on a friend’s couch, smoking drinking, partying with absolutely no direction at all. My family was broken, my siblings spread out all over the country, my father deceased, my mother a raging alcoholic. I had no hope, I had no support, I was hanging on by a thread.

Things got progressively worse for me, the 1980’s turned to the 1990’s and it looked like I was going to be homeless and broke. I caught a break, I hooked up with a girl friend who had her shit together. She got me a job at the company she was working at. The boss there told me, and I will never forget this. “You have an opportunity here to change your life, if you mess it up, it’s all your fault”. It wasn’t prophetic, it wasn’t an epic line from Shakespeare etc. It was though a chance, and I took it.

2020 the world was on fire, 2021 is near will the flames subside?

I stayed with the GF for a year, I banked as much money as I could. We didn’t last, she changed jobs and changed boyfriends. I held the job though, I had enough resources to afford a very cheap apt, food, I was living. I was able to reduce my drug intake and booze. I went to night school (the company helped me pay for it). I took a second job, selling men’s dress shoes. I hustled my ass off and did everything I could to generate income and better my position.

By the time I got out of that company I had an associate degree, I cleaned up A LOT, and I was dating my future wife. Fast forward to now, 30 years removed I have two college degrees, a very nice house, financial independence, a great family and a decent career. I have issues still, I struggle with anxiety, I have moments where I am not a fun person to be with.

I never thought I would arrive at this place in my life, I am happy, most of the time.

Where are you now? What do you see 5 years from now in your life? Is it bad? Is it really bad? It’s likely much worse than my situation. I caught a break, but I didn’t know it was coming. I got one shot and I made it work. Life isn’t fair, most of the time it sucks but along the way you’ll likely meet people that can help you, you just have to have your eyes open enough to see that the help is there to take. It’s okay to take help, it’s okay to need assistance.

You must hang in there, imagine for a moment 30 years from now. What will you be? Where will you be? If I can make it, you can make it. 2021 is upon us and it might be your worse year or it might be your best. Eyes wide open in 2021.

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